Term Loan Interest Payment Date definition

Term Loan Interest Payment Date has the meaning set forth in Section 2.09(b)(ii).

Term Loan Interest Payment Date means (a) with respect to any Term Loans that are US Prime Rate Loans, the last Business Day of each March, June, September and December to occur during any period in which such Term Loans are outstanding (and if such Term Loans are converted to Eurodollar Rate Loans pursuant to Section 2.04, the effective date of such conversion), (b) with respect to any Term Loans that are Eurodollar Rate Loans, the last day of the Interest Period applicable to such Eurodollar Rate Loans and, in the case of Term Loans that are Eurodollar Rate Loans with an Interest Period of more than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period and (c) the Term Loan Maturity Date.

Term Loan Interest Payment Date means, with respect to any Term Loan, each Quarterly Date and the Maturity Date.

Examples of Term Loan Interest Payment Date in a sentence

• Interest shall be payable, in arrears, and on each Term Loan Interest Payment Date and shall also be payable on the Term Loan Maturity Date.

• Interest on the Term Loan shall be due and payable, in arrears, on each Term Loan Interest Payment Date and also on the Term Loan Maturity Date.

• Each Credit Party acknowledges and agrees that (i) the aggregate unpaid principal balance of the Loans as of the date hereof is $1,000,000,000, (ii) the aggregate amount of accrued and unpaid interest on the Loans as of the Term Loan Interest Payment Date is $29,970,625.00 (the foregoing amounts in clauses (i) and (ii) hereafter collectively referred to as the “Current Outstanding Obligations”).

• Each Borrower shall pay interest in arrears on each Term Loan on the last day of each Interest Period (each such date, a "Term Loan Interest Payment Date") and upon any prepayment (on the amount prepaid).

• Subject to Sections 3.6(a) and 3.7, such rate shall apply during the entire Term Loan Interest Period applicable to such LIBOR Term Loan Advance, and interest calculated thereon shall be payable on the Term Loan Interest Payment Date applicable to such LIBOR Term Loan Advance.

More Definitions of Term Loan Interest Payment Date

Term Loan Interest Payment Date means the earliest to occur of (i) the effective date of a Reorganization Plan confirmed by the Bankruptcy Court pursuant to the Confirmation Order, (ii) the consummation of the Williamhouse Sale and (iii) the Maturity Date.

Term Loan Interest Payment Date. Defined in Section 3:3-4(b)(i).

Term Loan Interest Payment Date means, with respect to any LIBOR Term Loan Advance, the last day of each Term Loan Interest Period applicable to such LIBOR Term Loan Advance and, with respect to Prime Rate Term Loan Advances, the first (1st) day of each month (or, if the first (1st) day of the month does not fall on a Business Day, then on the first (1st) Business Day following such date), and each date a Prime Rate Term Loan Advance is converted into a LIBOR Term Loan Advance to the extent of the amount converted to a LIBOR Term Loan Advance.

Term Loan Interest Payment Date means the 15th day of each March and September, commencing as of March 15, 2000.

Term Loan Interest Payment Date. Defined in Section 3:3-4(a)(i).

Term Loan Interest Payment Date. (i) with respect to the Prime Rate Term Loan Portion, the first day of each and every month, commencing on the date hereof; and (ii) with respect to any Libor Term Loan Portion, the last day of the applicable Interest Period and also, in the case of an Interest Period of 6 months, that date which is three months after the first day of such Interest Period.

Term Loan Interest Payment Date. Defined in Section.